SPREADS July crush trades to 74c/bu while oilshare trades to 44.52%. The July/Nov bean inverse trades to 1.69c, off the low of 1.66c, and up towards 1.74c. July/Dec meal inverse is weaker trading down to $8.11 from $10.90, and what was closer to $20.00 week ago. July/Dec corn inverse trades from 1.21 3/4c high to 1.17 3/4c. Sep/Dec corn inverse trades down to 26 1/2c from 29 1/4c. July wheat/corn trades from 20 3/4c to 18c. PALM OIL August futures down 193 ringgits lower ending at 4,109 ringgit/mt. Intertek estimated exports for the May 1-20 period at 953,474 tmt which was an increase of 17% vs. mo ago. NEWS The stock market is slightly lower down 29 pts with crude oil breaking to $...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.